Oct 12, 2012 11:59 AM
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Southampton Hospital announced last week that it will replace its circa-1909 facility with a new, modern medical center on the Stony Brook Southampton college campus under a new agreement with Stony Brook University. But now the hard work begins, hospital officials said this week.
Foremost is raising the $225 million needed to pay for the construction of the new hospital in Shinnecock Hills, a price tag that includes not only land purchase and construction but also the retirement of some $34 million in existing debt.
It’ll be money well spent, according to administrators.
“This is truly a once-in-a-lifetime opportunity for the hospital to maximize its philanthropic potential and to do something really extraordinary for the communities that we serve,” said Steve Bernstein, the president of the Southampton Hospital Foundation, the hospital’s fundraising and... more
Foremost is raising the $225 million needed to pay for the construction of the new hospital in Shinnecock Hills, a price tag that includes not only land purchase and construction but also the retirement of some $34 million in existing debt.
It’ll be money well spent, according to administrators.
“This is truly a once-in-a-lifetime opportunity for the hospital to maximize its philanthropic potential and to do something really extraordinary for the communities that we serve,” said Steve Bernstein, the president of the Southampton Hospital Foundation, the hospital’s fundraising and... more
